Follow UsIREN’s $25 billion-$30 billion AI buildout may have ‘spooked’ investors, Bernstein says
Bearish-33.60%
28 Aug, 12:57
Source: The Block
AI Summary
IREN's massive $25-30 billion AI infrastructure buildout has generated strong contracted revenue but reportedly concerned investors about the scale of capital expenditure.
IREN has $4 billion in contracted cloud ARR for 2026 capacity and has secured over $20M in annual revenue per IT megawatt on recent deals.